NEW YORK, July 10, 2018 /PRNewswire/ -- Marco Polo Securities Inc., the New York-based broker-dealer and securities distribution platform is pleased to announce the launch of ResearchPay, a payment solution for brokers around the world who market their products to US institutional investors under its 15a-6 chaperone umbrella. ResearchPay augments or replaces conventional "soft dollar" and CSA arrangements with a more efficient process characterized by quicker payments, higher earning potential, and reduced administration.
ResearchPay is facilitated by Marco Polo's exclusive partnerships with bulge bracket execution firms that already have accounts with the bulk of US buy-side institutions. In this model, non-US firms that are distributing their research – and US institutional investors that are receiving the research – do not need to open accounts directly with one another. The reduced administrative burden increases the willingness for US institutional investors to work with and reward foreign brokers. Brokers also have more opportunities to negotiate greater value for their research. In addition to research distribution, ResearchPay can facilitate the compensation of brokers for their corporate access programs.
"We look forward to bringing greater efficiency and financial reward to our global network of securities firms. ResearchPay is the first of a series of innovations we are planning to launch to help our chaperoned brokers in building their international franchises," said Mark Powers, CEO of Marco Polo Securities.
Marco Polo currently provides a regulatory umbrella that enables dozens of securities firms throughout Europe, the Asia-Pacific, Africa and the Americas to market their local capabilities and products to US-based investors without the need for a US broker-dealer license.
About Marco Polo Securities Inc.
Marco Polo Securities Inc. is a US-registered broker-dealer offering global execution, regulatory and distribution capabilities. Marco Polo was a pioneering platform in building cross-border electronic trading infrastructure to enable global institutional flows and provides a unique distribution and regulatory network for capital raising in the global markets. Marco Polo is a member of FINRA, NFA and SIPC.
Further information on Marco Polo Securities is available at www.mpsecurities.com.
Marco Polo Securities Inc.
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SOURCE Marco Polo Securities Inc.